Mar 26, 2013 3:00pm EDT
. is it a problem of education? is it a probable of government programs? is it just a problem of let the market -- or is there something that we can, and i underscore, should be doing about this? >> i think he answered that earlier on, but go ahead. >> the data and refinancing are very interesting. there's a lot of refinancing, but there are people who are the best credit people who are repeatedly refinancing, working rates down. the bulk of the country of the people who are underwater, who are near underwater, they're having a very hard time getting credit. the heart program until recently hasn't really reached that. so it's actually, it's both true that people are refinancing a lot, but there are many, many people, disadvantaged people, younger people whose houses are more likely to be underwater, because they bought closer to the peak. these are all populations that significantly haven't benefited and there's a tremendous opportunity still today. goldman sachs reports that over 21 million homeowners could currently benefit, saving more than 150 bucks a month on mortgages. those ar
Mar 25, 2013 3:00pm EDT
profit education company ripping higher. another name in the green. second quarter profit drops 79%. revenue fell amid lower enrollments. still, results besting the street's expectations. another name we should mention, dollar general, telling us today that sales growth this year could best the strength in 2012. but the company's rival, family dollar, actually slipping. analysts tell me part of the problem here, dollar general now saying it's roll out of tobacco products exceeding expectations. remember, family dollar got into the tobacco business about a year ago. so some worry now about the impact the company might feel. blackberry another name in the red. goldman sachs cutting its rating to neutral on this one. price target 17 bucks. the analysts talking about the disappointing u.s. launch of the new z-10 smartphone. we'll end here on facebook. falling to the lowest level this year, since trading at a six-month high of 32.51 on january 28th. facebook shares down some 20%. sue? back to you. >> thank you very much, josh. >>> we have less than an hour to go before the closing bell.
Mar 25, 2013 3:00pm EDT
inadequate resources forced by austerity will stunt the ability of their generation to be educated. i am more concerned on their behalf that austerity measures will lead to slower economic growth and a consequence to a higher gdp ratio and more pressure in terms of higher tax burdens in the future. those concerns come out of the proper management and current conditions seems to me to be a larger concern for the long run and the concern that somehow unstable policy starting from where we are now will stunt the opportunities that are open. obviously starting at a different place, i would reach a different judgment, but starting with the united states for much of europe or the industrialized world is today seems to me the risks of profound stagnation are more pressing concern than the risks of a resurrection of stagnation. >> i am not a gold freak, the work unhappiness to which it is sitting in the front row strikes me as extremely relevant. this being said, again from engineering, it is very hard to see how europe is going to get out of its fiscal mess in particular. maintaining some su
Mar 25, 2013 4:00pm EDT
of its education business. dell climbing higher today. as did visa. where analysts at nomura see positive first half data points fueling new highs on this one. visa hitting a new 52-week high today. some of your laggards today, bill, red hat. analysts at raymond james downgrade it to market perform ahead of its earnings report on wednesday, saying there are risks to its growth outlook. red hat your worst performer today in the s&p. other names losing ground, ebay, first solar and check point software. a notable laggard in the nasdaq. analysts at lazard say palo alto networks looks to be gaining ground on it rivals. downgrade check point to neutral. >>> much more ahead on your way to a very busy edition of "closing bell." >> just getting started. >> the plate is so full. up next, bull versus bear. someone here sees the s&p 500 hitting 1600 by the end of the year. is he right? stick around for our market debate. that's coming up next. >>> by the way, uberbear harry dent is on the other side in a big way. >> he does not see 1600 on the s&p. >> nope. >>> later, no lines for its new s